Applying that to RE investing, most would agree your first FHA loan should be a multi-unit house hack.

As a licensed contractor, I’ve worked with expediters and know how essential your role is. 

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

Typically 75% of rental income can be applied towards your DTI for qualification. 

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

April is the only real low month.It's a funky place -- essentially a 5 room motel (originally built 1959) with a manager's unit (built 1984) tacked onto it. 

Which is a tax when you do an active business in your IRA but it is essentially the same thing. 

The same also applies when considering a lease renewal or temination. 

Just trying to understand what is practical applying the same to a large RV or boat

Even if one tenant is responsible for rent payments, the others will live there and impact your liability as a landlord.Accountability:Requiring all adults to apply and sign the lease holds everyone legally responsible for the terms.